Tag: India

Postal dept’s finance mart launched

Posted by | Dec 12, 2006 | |

Postal Department has come up with a concept of Finance Mart, where the customers will get the financial services under one roof.

Inaugurating the Mart at Head Post Office (HPO) Civil Lines, on Sunday, Union Minister of State for Communication and Information Technology Dr Shakeel Ahmed said that the move is beneficial for the customers as they will get the financial services in a modern and improved manner, at one place.

he postal department is heading towards modernisation, said the Minister adding that the plans were afoot to computerise the services in a large number of post offices in the state.

The department will also take measures to improve the services being rendered to senior citizens”, he claimed. In addition to this, the department is set to provide better services during upcoming Ardh Kumbh mela.

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ATMs may open a/c in post offices

Posted by | Dec 11, 2006 | |

In a move that is sure to bring smiles to millions of postal savings account holders, the government is proposing to set up ATMs in all major post offices in the country in a phased manner.

This means consumers will no longer have to depend on the manual process of withdrawal during office hours, but can carry out transactions through use of debit cards on a 24×7 basis. The ATM facility will also come as a big relief for customers who receive money from loved ones abroad through Western Union Money transfer.

Postal Department’s services currently span five areas such as mail (letters and parcels), express (SpeedPost), financial services, postal life insurance and philately. The Department has identified Speedpost and financial services as its engines of growth.

The DoP is currently working on a plan to hive off its financial department arm into a stand-alone bank. This is because, the DoP currently passes off its entire collections to the finance ministry in return for a fixed commission, but a stand-alone banking arm will enable the it to make independent investment decisions.

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market moves: Wal-Mart may look at home delivery in India

Posted by | Dec 4, 2006 | |

Wal-Mart, which is foraying into India through a tie-up with the Bharti Group, is considering `home delivery’ for the Indian market, which will be the first in the world for the company. Its market research has shown that Indian households usually stock vegetables and groceries on a weekly basis.

Therefore home delivery makes sense for top-ups for a household’s grocery requirements.

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TNT analyst conference confirms Focus on Network strategy – New initiatives to strengthen competitive position TNT Post in the Netherlands

Posted by | Dec 4, 2006 | |

Today at a meeting with analysts in London, TNT will present an update on its ‘Focus on Networks’ strategy. TNT has made good progress in all aspects of its strategy over the past year, with the sale of the Logistics division completed, the sale of Freight Management announced and share repurchases approaching Euro 2 billion nearly completed. Furthermore TNT has begun to accelerate growth through strategic acquisitions in China and India and continued delivering strong results from its mail and express divisions.

TNT Express, the express division of TNT, strives to further strengthen its number one position in Europe. The integration of the recent acquisition of TG+ in Spain, is well on track. Outside the European market TNT Express aims to achieve leading positions in selected intercontinental routes, as well as building number one positions in the major emerging markets. The acquisition of Speedage in India is completed and the acquisition of Hoau in China is awaiting final approval by the local authorities. The last element of growth for TNT Express is the expansion into the broader express market through “Special Services”. Overall, the medium term revenue growth guidance of between 10 – 15%, with margin levels reaching 10% from 2007 onwards, will be confirmed

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UPS to open 150 access points in next five years

Posted by | Dec 1, 2006 | |

United Parcel Service (UPS) will set up 150 access points (UPS Store) in India in the next five years.
US Under Secretary for International Trade Franklin L Lavin unveiled company’s plan to open 150 UPS Stores over next five years here today, while speaking on the first anniversary of the UPS Stores in India.

UPS will rework their India operations once they get rights to set up and operate a hub in Shanghai from 2007 from the Chinese government, said UPS’ Vice President, Public Affairs( Asia Pacific Region), Steven R Okun.

Currently the company is operating eight freighter services from Mumbai through their MD 11 aircraft.

The US Under Secretary, who is currently in India to lead an US business delegation in the just concluded US-India Business Summmit said,”The operations of UPS Stores across India will be a positive step for the booming Indian economy.” UPS opened their second access point in Delhi recently and will be opening their access points in Pune and Bangalore shortly, said Jetair’s CEO, Mahiyar M Sadri.

UPS has a tie-up with Jetair Private Ltd, general sales agent (GSA) for Jet Airways, to augment their supply chain network in India

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